Editor’s Note: Back in May, legendary investor JC Parets warned our readers to IGNORE the mainstream’s market crash narrative.
Since then, the S&P has reached new all-time highs, and the 1% who listened to JC took advantage.
Now, he’s just detected the next opportunity to target up to 2000%+ returns over the next few weeks.
It’s part of his “zero hour” briefing, and you’re invited to join him live on Wednesday, Oct. 8 at 2 p.m. ET.
Don’t miss the next pivot point in the markets.
Ryan Fitzwater, Publisher
When it comes to trading in October after a rate cut, the numbers don’t lie.
Dating back to 1973, the S&P has averaged a -1.1% return 3 months after the first rate cut.
So going forward, I’m taking a more defensive approach.
One defensive play I’m watching right now is Costco (COST).
As you’ll see in the chart below, shares of COST dipped 1% despite a recent fourth-quarter earnings beat and revenue topping Wall Street estimates.
Despite the modest dip, I believe we’re in the buy zone for COST.
Rate cuts have been historically good for consumer staples like COST – a company that benefits from a loyal following that’s consistently growing its membership count.
Now, as COST hits a key $900 support level, I’m looking for a bounce.
Action Plan: COST is entering a key “dip buy” zone on a pullback, and I’ll be looking to get positioned in The War Room.
For more trade ideas like this, I recently unveiled my latest $3 play in Catalyst Cashouts.
But this isn’t a stock – it’s actually a cryptocurrency.
I believe this crypto could surge to $92 by the end of next year.
You can learn exactly why I’m so excited about this rare opportunity by clicking below.